Better Home & Finance (NASDAQ:BETR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Better Home & Finance (NASDAQ:BETRFree Report) from a strong sell rating to a sell rating in a research report released on Saturday.

Several other equities research analysts also recently issued reports on the company. Needham & Company LLC dropped their price objective on Better Home & Finance from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, August 7th. BTIG Research reduced their target price on Better Home & Finance from $36.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Zacks Research raised shares of Better Home & Finance to a “hold” rating in a research report on Wednesday, July 29th. Roth Capital set a $25.00 price target on shares of Better Home & Finance in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

Check Out Our Latest Stock Analysis on Better Home & Finance

Better Home & Finance Price Performance

NASDAQ:BETR opened at $13.54 on Friday. The firm has a 50-day moving average of $23.46 and a two-hundred day moving average of $29.26. The stock has a market cap of $255.50 million, a P/E ratio of -1.23 and a beta of 1.74. Better Home & Finance has a 1-year low of $13.18 and a 1-year high of $94.06.

Better Home & Finance (NASDAQ:BETRGet Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.23). The business had revenue of $54.70 million during the quarter. Better Home & Finance had a negative return on equity of 409.62% and a negative net margin of 94.52%. As a group, equities analysts expect that Better Home & Finance will post -6.34 earnings per share for the current year.

Insider Activity at Better Home & Finance

In other news, Director Harit Talwar acquired 5,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $25.34 per share, for a total transaction of $126,700.00. Following the completion of the purchase, the director directly owned 44,698 shares of the company’s stock, valued at $1,132,647.32. This represents a 12.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hugh R. Frater bought 5,150 shares of Better Home & Finance stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $24.34 per share, for a total transaction of $125,351.00. Following the acquisition, the director owned 6,326 shares in the company, valued at $153,974.84. The trade was a 437.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 25,750 shares of company stock valued at $642,051 over the last three months. 27.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors have recently made changes to their positions in the company. Jump Financial LLC bought a new position in Better Home & Finance during the fourth quarter worth $2,457,000. Goldman Sachs Group Inc. boosted its holdings in Better Home & Finance by 1,465.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company’s stock worth $2,401,000 after purchasing an additional 68,977 shares during the period. Geode Capital Management LLC increased its stake in Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after purchasing an additional 61,740 shares during the last quarter. Comerica Bank bought a new stake in Better Home & Finance during the fourth quarter valued at $1,819,000. Finally, Marshall Wace LLP raised its holdings in shares of Better Home & Finance by 151.6% during the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after purchasing an additional 54,113 shares during the period. 20.94% of the stock is currently owned by institutional investors.

About Better Home & Finance

(Get Free Report)

Better Home & Finance Holding Co engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner’s insurance services. The company was founded in 2014 and is headquartered in New York, NY.

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Analyst Recommendations for Better Home & Finance (NASDAQ:BETR)

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